Offerpad Solutions Inc. (OPAD) Form 10-Q — Aug 3, 2026
Offerpad reported second quarter 2026 revenue of $77.7 million, a 51.6% decrease from the prior year, driven by a 54.4% drop in homes sold. Despite the revenue decline, the company narrowed its net loss to $9.3 million from $10.9 million year-over-year and achieved a gross margin of 9.2%, the highest since late 2023. The company executed a 1-for-10 reverse stock split effective June 9, 2026, to regain compliance with NYSE minimum price rules. As of July 1, 2026, Offerpad was notified it had regained compliance, and it ended the quarter with $33.1 million in cash and cash equivalents.
Key figures
- Revenue
- 77653000
- Revenue Yoy
- -51.6%
- Cash Position
- 33118000
- Shares Outstanding
- 4832094
- Homes sold q2
- 206
- Gross margin pct
- 9.2%
- Reverse split ratio
- 1-for-10
Price after filing
Close on the filing date to close N calendar days later (from $4.15). Historical, not a forecast.
AI analysis
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